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Agree, profit taking on 15% runs end of day is to be expected. It was nice seeing some damn green ha, GLTA.
News was late released - could run all week from it, it's blue skies til $4 if we close above $3 tomorrow!
Saw that! I called 2.90 earlier today lets get $3.00!!!
She's running on low volume, looks thin to 2.90s - come on good news!
Good news would be a fun change haha
Something is a brewing gentlemen... Good luck!
Haha I know what you mean, once you think you have the game figured out it changes... Overall anything under 2.50 is good, bottom looks strong around 2.40. Needs a pop up so they can stop pulling the chair out and shorting at the open every day!
Nice buy, action looks different today hopefully a 5-10% green day pre news..
Good luck! It looks like our new bottom is in. We will see if they do the open drop 10% to steal cheap shares or finally let this consolidate back up towards $3...
Good and great!
I've been seeing early to mid may as the close date, did you mean Wednesday of this week or next? Lol
That is admirable. I've made my mistakes but have learned over time that they all go up and down so stay the course and recoup losses when possible! I've never been involved with any settlements, good for you!
That's crazy! I was in last year around 6 but bailed ship due to my charting intuition - which is telling me BUY BUY BUY NOW!!! Ha
3/4 of the long shareholders are in relatively the same boat that you are... I doubled down from 3.96 and bought at 2.58 last week, good luck to you my friend!
Awesome, hopefully my 3.14 average is green in a couple of weeks so I can buy a few more thousand shares in the mid 3s on the way back up!
At this point 3.50 would be a nice correction. It's good to see other smart investors buying this on the drop off which is all because of doom and gloom and nothing quantitative at this point. When was the 400 million sale supposed to close again?
Those analysts are paid bear raiders by the companies that are shorting this stock and robbing the weak shareholders that are taking huge losses... I buy when there's blood in the water, emotional traders that sell at times like the present always lose :)
This will run up hard this week.
It's already been announced as complete, just waiting on formalities to close was my understanding... Papers were signed weeks ago.
Yeah that deal is as close to 100% as possible. Clears loads of debt off their books. This stock should be $6 + /share right now. Agreed!
Magnum Hunter (NYSE:MHR): Canaccord is not concerned about the worries over the company’s auditor change, and maintains that Wednesday’s sell-off is a buying opportunity. The firm notes that the new auditor, BDO, has 25-30 years in energy industry experience. Canaccord keeps a Buy rating, citing strong fundamentals.
And it's trading 15% lower than previous 52 week low. From a charting perspective it should close between 2.90 and 3.10 by tomorrow.
That order won't fill. Going north!
Back to the $3.00's by tomorrow! So many stop losses were taken out today, and emotional sellers lost their shirts to some heavy shorting. New bottom is in and up we go!
Yes, definitely a buy. Analysts agree: "Yesterday it was learned that Magnum Hunter Resources Corp. (NYSE: MHR) fired its auditor, PwC. Since then shares have fallen 22 percent.
Commenting on news, analyst Neal Dingmann of SunTrust Robinson said a major write-down was unlikely. Additionally he doesn't thinks proven reserves, the company's credit facility, or sales in Eagle Ford will be affected.
SunTrust Robinson Humphrey has a Buy rating on Magnum Hunter with a price target of $10.00
For an analyst ratings summary and ratings history on Magnum Hunter (NYSE: MHR) click here. For more ratings news on Magnum Hunter click here.
Shares of Magnum Hunter closed at $3.32 yesterday, with a 52 week range of $3.28-$6.45."
http://www.streetinsider.com/Analyst+Comments/Major+Writedown+Not+Expected+at+Magnum+Hunter+Resources+(MHR),+Says+Analyst/8259626.html
This will be back over $3.00 a share by tomorrow. Just bought a few thousand more shares!
These low 6's can't last long... I hope ha
Hmmm this sure has been a strange month for MHR, I can't ever figure out what it's doing...
Only "has to" if it gaps to new highs where the stock hasn't been traded at before, but usually they fill it either way haha
I will take 5% green all day, thanks for the info. Looking really good here today!
Agreed, especially with the news today!!
Agreed... It's holding that support very well so far!
The funny thing is that this is primarily an oil company and they are killing it in North Dakota right now.
What is going on here????
Yeah it just turned, going North again and fast.
Bought this morning at 6.63, regretting that now. What is going on here? I thought that it would bounce off of 6.50's easily.
Support around 6.87 ish and resistance around 7.45 seems to be the trading channel over the last month. Usually they are taken down like this before news hits but that is strictly speculation! Any buys in the mid 6's are going to look great soon. I'm buying tomorrow when my funds clear. Good luck my friend.
The potential of MHR in both the short and long term future is pretty remarkable. $8-10 a share in the next two months seems very possible by looking at the charts.
Wouldn't it be nice if BFLX actually finished a day green?
Being a shareholder I hate to say it, but I don't see this going anywhere but south... The chart speaks for itself. I'm basically hoping for a miracle it feels like with this one...